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, arguing the gop tax plan will, quote, put the brakes on america's drive to energy independence. joining me now, former republican congressman, jc watts, who serves as a consultant for the domestic energy producers alliance. and with a welcome to you. >> thank you, alex. >> i'm going to call you jc during this interview. >> it works. >> okay, good. before we get to the impact on the energy sector, what is your take on this broader tax plan? >> well, it makes a lost assumptions. and first of all, i think chairman camp needs to be commended for, you know, putting something out there. but it's a discussion draft. and there's much discussion that needs to be had had, and especially when it it comes to i think the energy sector and those people who are creating jobs when you look at percentage depletion, that area that i would be very concerned about. and you've got about 18,000 small business owners that use percentage depletion as a form of capital formation. that's the biggest barrier to small business entering the segment, is capital formation, and that would be a real blow to it. and then y
providing more energy to europe. europe depends on russian gas. putin is banking on that, that europe won't act in this situation. we could start in the long term changing that energy balance. getting more american gas to europe. >> mr. ambassador, where can the west find leverage over russia? the u.s. needs to work with them. it's not an isolated incident. we have syria we have iran. david is just talking about the major economic and energy ties there with europe. so where does the leverage come from? >> i think we should not overstate the problems of pushing back very hard against the russians. the russians, yes, they are trying to be somewhat helpful in our conversations with iran. and we need them to do something on syria, but they've not been key to either of these. certainly not on the iran side. we can deal with the iran negotiations on nuclear, without the russians. so i don't think we should be constrained by other issues to a great degree. and pushinging back very hard against this russian aggression. >> david, do you get the sense that president putin wants to actually claim cr
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